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to the house, the democrats to the senate, and president obama to the white house. they want them to start solving problems. they are absolutely disgusted with this and if they go over this cliff, believe me, there's going to be a price to be paid and nobody's going to be a winner on it. >> yeah, but i do want to add, john, i do believe the president did get a partial mandate, at least the voters said the wealthy in this country ought to pay higher taxes. now, how you get to the higher tax, whether you raise rates, whether you reduce deductions, there are a lot of different ways to get there. the point is, i think everybody now agrees that -- not everybody agrees, but that we need more revenue and that the wealthy ought to be the first ones in line. and that seems to be reasonable, but i think the white house can get too stuck on this whole question of rates as opposed to finding a creative solution that brings in more money. >> david, i agree with you, but you do that through effective tax rates, not through marginal tax rates. that's how you bridge it. >> i agree
to the house, the democrats to the senate, and president obama to the white house. they want them to start solving problems. they are absolutely disgusted with this and if they go over this cliff, believe me, there's going to be a price to be paid and nobody's going to be a winner on it. >> yeah, but i do want to add, john, i do believe the president did get a partial mandate, at least the voters said the wealthy in this country ought to pay higher taxes. now, how you get to the higher...
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Dec 4, 2012
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the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment
the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare....
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martha: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow bill: we have new video released by police here in new york city of the moments before a man was pushed off a times
martha: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas...
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Dec 4, 2012
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president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the president is saying there, never minds. what he's saying there -- he knows the political reality of this, having suffered the worst mid-term defeat of any president in 60 years. he knows what happens in mid-term elections. what he's saying is give me what i want now and i'll talk about it later but i'll
president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll...
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Dec 4, 2012
12/12
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president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the president were at a holiday reception and, well, what happened? >> well, you know, as you know what happens every year
president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some...
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Dec 4, 2012
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republican party, i talk about it in my book, divider and chief constantly portraying them as hostage takers the eve enemy. even if we abandon all of our principles and go along with the mainstream media and what they want it will not be enough and obama will continue to vilify them. the republicans need to focus on grass root strategy, identifying hispanics and members of other demographic groups that could be swing voters. identify them and thet their targeted message out there too them so we can have a genuine debate on the issues, instead of villa my those who disagree with the president. let's have a discussion as simon said the economic benefits, how we can do this in a way that will benefit all americans, instead of just saying, oh, heck, we lost the election we'll just abandon all of our principles. jon: simon i like what you had to say and i think the whole country is looking for bay bipartisan solutions to some of these thorny questions that are out there. from a republican standpoint, and knowing you're a democrat, from a republican standpoint what is the motivation to help
republican party, i talk about it in my book, divider and chief constantly portraying them as hostage takers the eve enemy. even if we abandon all of our principles and go along with the mainstream media and what they want it will not be enough and obama will continue to vilify them. the republicans need to focus on grass root strategy, identifying hispanics and members of other demographic groups that could be swing voters. identify them and thet their targeted message out there too them so we...
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Dec 4, 2012
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in congress. 27% believe the finger would be pointing at president obama. now, the president vowed during his re-election campaign that we would not reach that point but we're -- but we're certainly getting closer. we just learned the president is rejecting the latest counteroffer from republicans. democrats believe they can force republicans to vote on tax increases. house minority leader, nancy pelosi, could be filing the necessary paperwork in a couple of hours. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:15. right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the fiscal cliff. in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operatio
in congress. 27% believe the finger would be pointing at president obama. now, the president vowed during his re-election campaign that we would not reach that point but we're -- but we're certainly getting closer. we just learned the president is rejecting the latest counteroffer from republicans. democrats believe they can force republicans to vote on tax increases. house minority leader, nancy pelosi, could be filing the necessary paperwork in a couple of hours. reporting live from...